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Pioneer Bar & Restaurant/Haines, Alaska 11-15 2nd Ave 7,655 SF Retail Building Haines, AK 99827 $875,000 ($114.30/SF) 14.97% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Live, Work, and Prosper in Southeast Alaska. Seize a rare opportunity to own a restaurant, bar, and residential property in the heart of Haines, AK

EXECUTIVE SUMMARY

This is one of Alaska's best-valued future income potentials in the hospitality business in Alaska. Restaurant and Pioneer Bar is a landmark restaurant and bar located in the heart of downtown Haines, Alaska. The total square footage of the building is 7,655 SF, with 4,655 SF being the bar and restaurant, 3000 SF of apartments, and a 4,250 SF parking lot. Amenities: Bar and restaurant; 18' Cooks Line, 2 Walk-in Coolers, Walk-In Freezer, Frigidaire Beer Cooler, booths, Tables, and Chairs. Apartment: Custom Kitchen, Gas Range, Skylights, Island Breakfast Bar, Jacuzzi Bath, and Laundry Room. The sale includes an Alaska Beverage License. Owner financing is being offered to qualified buyers.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,655 SF
Building Class
C
Year Built
1900
Price
$875,000
Price Per SF
$114.30
Cap Rate
14.97%
NOI
$131,000
Business Value
$400,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.70
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial/Residential
Parking
10 Spaces (1.31 Spaces per 1,000 SF Leased)

AMENITIES

  • Corner Lot
  • Property Manager on Site
  • Restaurant
  • Signage
  • Skylights

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Bamboo Room and Pioneer Bar
  • Retailer
  • 99,999 SF
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Bamboo Room and Pioneer Bar Retailer 99,999 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C-TNS-02-0900
Land Assessment
$55,900
Improvements Assessment
$467,400
Total Assessment
$523,300
  • Listing ID: 35110555

  • Date on Market: 3/12/2025

  • Last Updated:

  • Address: 11-15 2nd Ave, Haines, AK 99827

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